Foreign Business Tax Registrations in South Africa

Tax registrations for foreign businesses in South Africa can be time consuming and confusing. Especially because you might not be familiar with South African tax requirements.

Intergate’s in-house consultant can not only help you make sense of it all, but can also do the following to ensure that you comply with foreign business tax registrations for South Africa:

foreign business tax registrations south africa

  • Do a full analysis of which taxes your company should be registered for.
  • Complete the appropriate registration forms.
  • Do VAT applications.
  • Do PAYE and SITE registrations.

Aside from VAT and PAYE, your business may also be liable for standard income tax on employees.

Potential registrations for foreign businesses

In order to be fully compliant, foreign businesses must register with various regulatory bodies:

  • Registering with the Department of Labour. Employing staff means a mandatory contribution to the Unemployment Insurance Fund (UIF).
  • Registering with the Cape Metropolitan Council or District Council. Businesses employing staff pay a gross revenue or salary related levy to the CMC.
  • The local authority, if dealing in fresh foodstuffs or health matters.
  • Applications for import duties, if the company is importing goods.
  • Registration as an exporter, where applicable.

Let us help you with foreign business tax registrations in South Africa

Our corporate team has helped hundreds of foreign business owners with tax registrations for South Africa. Let them do the same for you. You can contact the Cape Town team members on +27 (0) 21 424 2460 or the Johannesburg team on +27 (0)11 234 4275.

If you’d like us to contact you instead, all you have to do is request a free call back. One of our agents will endeavour to contact you within 24 hours to discuss the needs of your business. Intergate is the only ISO 9001 certified immigration company in South Africa, so we are most definitely in the perfect position to help.

Finding Commercial Property in South Africa

Finding commercial property in South Africa can be a difficult task when trying to do it from overseas. There are time differences to contend with, for one. You could also be completely unfamiliar with the area you’re looking in and it could be difficult to build a relationship with a real estate agent in another country.

SAHomeBuyers, Intergate’s real estate service provider, offers a buyers consultancy service to our clients to eliminate all of these and other headaches. You win all the way, because SAHomeBuyers is an independent business that acts purely on behalf of the buyer or lessee. They do not offer commercial property for sale, or act for any seller in any way. Further to this, SAHomeBuyers is not connected to finance houses or estate agents.

How SAHomeBuyers work to find you commercial property in South Africa

commercial property south africaThe first step in finding you a property that fits your needs, is getting a clear understanding of the business and its operations. This is done through a series of consultations, which include identifying an appropriate area.

SAHomeBuyers will then draw up a short list of suitable properties and arrange an appropriate viewing schedule. A SAHomeBuyers agent will accompany you on all viewings and educate you on the area, the amenities and local lifestyle.

Once you’ve decided on a property, SAHomeBuyers will vet the offer-to-purchase to ensure that it contains all relevant terms and conditions. They’ll continue to assist you throughout the buying process until your business has taken occupancy of the premises.

Let us help you find the right property

You can contact SAHomeBuyers directly or ask Intergate to put you in touch to get you one step closer to finding a commercial property in South Africa for your business. If you prefer to contact us first, you can give our Cape Town offices a call on +27 (0) 21 424 2460. Alternatively, speak to on of our client managers in our Johannesburg office by dialling +27 (0)11 234 4275.

Getting us to call you is as easy as requesting a free call back. One of our client managers will endeavour to contact you within 24 hours. Rest assured that you are in good hands. We have helped hundreds of foreign business owners set up businesses in South Africa and Intergate is the only South African immigration company with ISO 9001 certification.

Setting Up a Business in South Africa

Many international brand names have branches or subsidiaries in South Africa. If your company is looking to do to same, you should be aware of all the considerations to take into account when it comes to setting up a business in South Africa. Starting off with the wrong or incomplete information could spell difficulties down the road.

Setting up the business

The first step in setting up a business in South Africa as a foreign company is to decide on a company structure. Factors that could influence the decision-making process are:

  • The ownership structure.setting up a business south africa
  • The legal structure.
  • Setup requirements.
  • Taxation.
  • Ongoing legal requirements, like audits.
  • Foreign exchange.

Taking all of this into consideration, a business can be set up as a branch of an offshore company, also known as an external company, or a foreign-owned South African company, also known as a full subsidiary.

If the choice falls on an external company, the branch is registered within the jurisdiction of South Africa. This will lead to a South African registration number, but the shareholding and directors are still situated in the country of origin.

Should the choice fall on a full subsidiary structure for the business instead, then the company will operate in the form of a South African private company. Shares will be issued by the company and taken up by the international company.

Intergate Immigration can help you decide which of these structures are most appropriate for your company. Further to that, we can also assist in the following ways to make setting up a business in South Africa a more pleasant experience:

  • Act as local representatives in the interim.
  • Set up the branch or local private company.
  • Source an auditor.
  • Set up a postal address.
  • Set up an administration network.

Setting up a staff complement

It is common for foreign companies setting up in South Africa to have a need for relocating some of their staff to the South African branch or subsidiary. In order to do so, foreign employees will require a work visa. The intra-company transfer work visa is the most logical choice and thus used most often. Our corporate team can tell you more about this and all other work visas for South Africa, should you wish to employ more foreign workers.

Unique considerations when setting up a business in South Africa

There are two issues which need to be considered when setting up your business. The first of the two relates directly to the type of business structure you choose – profit. You have to ask yourself what you are going to do with the profit that the business operations will produce.

Secondly is the matter of BBEEE or Broad-Based Black Economic Empowerment. All businesses in South Africa must adhere to the regulations of this code of practices. In a nutshell, BBEEE is in place to advice economic transformation and to enhance the economic participation of black people in the South African economy.

Let us help your business get off the ground in South Africa

Call Intergate today to speak to the only immigration company in South Africa with ISO 9001 certification. You can call our Cape Town office on +27 (0) 21 424 2460, while our Johannesburg team can be reached at +27 (0)11 234 4275. Our client managers have helped hundreds of foreigners with setting up a business in South Africa, so we are in the perfect position to help.

The alternative is to get us to contact you by requesting a free call back. The minute we receive your request, one of our corporate client managers will endeavour to call you within 24 hours to discuss the needs of you and your business.

Business Insurance in South Africa

business insurance south africaBusinesses are open to all types of risks every day, from theft and fire damage to liability law suits. Very few businesses can operate when such disasters strikes or cover such risks financially. This is where business insurance comes in and it’s why Intergate offers advice and assistance with business insurance in South Africa.

Types of business insurance

South Africa does not offer the same amount of state protection offered by many European countries when it comes to insurance. There are, however, various types of commercial insurance available in South Africa. These range from basic retail insurance products to more sophisticated liability and indemnity products.

In order to pick the right product for the business you’re setting up in South Africa, it is recommended to have a proper risk assessment done. This will ensure that the product you pick provides adequate cover.

Here are some of the insurance types you can expect to find in South Africa:

Property insurance

Property insurance protects the premises and contents of a business against loss or damage. You could opt for a product that also insure the property of others in your control at the time of the loss.

Liability insurance

Take out liability insurance to protect the business when sued for negligence. This could be, for example, when an employee is injured on the job, when a customer suffered an injury while visiting the business or when someone is impacted negatively by your employees or goods while in transit.

Commercial vehicle insurance

This insurance covers all vehicles used for business purposes.

Business interruption insurance

Theft or broken equipment has the potential to stall business operations. Business interruption insurance will protect a business’s finances until the business is up and running again.

Workers’ compensation

Accidents happen and when they happen to employees while on the business premises, the payout from workers’ compensation will act as a way to replace wages and pay for medical treatments and procedures.

It is important to review the insurance needs of a business on a regular basis. As the business grows, the potential for risk becomes bigger.

Let us help you with business insurance in South Africa

Intergate’s corporate team has helped hundreds of foreign business owners select the correct insurance for their business in South Africa. Let us do the same for you. All you have to do is call to speak to one of our client managers.

Our Cape Town team can be reached at +27 (0) 21 424 2460, while our Johannesburg team is available on +27 (0)11 234 4275. You could also get us to call you instead and it’s as easy as requesting a free call back. One of our client managers will endeavour to contact you within 24 hours to discuss your insurance needs.

Banking and Foreign Exchange in South Africa

banking foreign exchange south africaSetting up a business in a foreign country involves opening bank accounts and transferring money, often involving regulations unknown to the foreign business owner. Intergate helps you make sense of banking and foreign exchange in South Africa and offer services to help you handle your money correctly from the start.

Banking

Our in-house consultants get to know your business inside-out before making recommendations. This ensures a tailor-made solution that fits the business and its needs. If you do decide to let us help you, we can assist with any or all of the following:

  • Corporate bank accounts
  • Cash account options for larger cash holdings.
  • Personalised banking.

The best thing is that everything happens in our boardroom, from the first consultation to the physical act of opening bank accounts. There is no need for you spend hours waiting in queues or holding for operators.

Foreign exchange

Transferring money in and out of South Africa is not as straightforward in many other countries, due to exchange control regulations that are in place. Adhering to these is crucial to ensure repatriation of funds can take place.

Use our services and you can count on all of the following:

  • The very best exchange rates.
  • Safe and secure trading.
  • All exchange control approval.
  • Advice on foreig exchange control and compliance thereof.
  • The ability to open accounts for money transfers before arriving in South Africa.

Let us help you with banking and foreign exchange in South Africa

To see exactly what we can do for your business, give us a call. You can dial +27 (0) 21 424 2460 to speak to one of our consultants in Cape Town or speak to someone in Johannesburg instead by calling +27 (0)11 234 4275. Alternatively, request a free call back for us to contact you.

As South Africa’s only immigration company with ISO 9001 certification, you know you can count on superior service when dealing with Intergate. Our expertise is guaranteed too, as all our client managers have been tested and registered with the Department of Home Affairs. There really is no-one better to help you with banking and foreign exchange in South Africa.

Accounting Services in South Africa

Intergate does not offer accounting services, but we can refer you to one of our trusted service providers if you are indeed looking for accounting services in South Africa.

The service provider in question is CAP. We have worked with this chartered accountant practice for many years. Based in Cape Town, CAP is part of an international group of independent firms. Both companies and individuals in a wide range of industries make use of their services. These services include:accounting services south africa

  • Auditing.
  • Independent reviews.
  • Financial statements.
  • Accounting services.
  • Payroll services.
  • Tax.
  • Business structuring, both local and offshore.
  • Statutory registrations and compliance.

Businesses can make use of these services on a daily, weekly, monthly or annual basis. The services have also been set up in way that will allow them to grow with your business and its needs.

More than just accounting

CAP does not only crunch the numbers for you. They can also help you make sense of figures and interpret the financial information of your business to provide general guidance for financial management. This is done by analysing monthly management accounts or annual financial statements.

Rest assured that a high level of integrity is practised when dealing with your accounting data, as CAP realises how sensitive financial information is. That’s also why CAP trains their staff on a regular basis and work with sophisticated computerised systems and software.

Let Intergate and CAP help you with accounting services in South Africa

You can get hold of CAP through their website or ask Intergate for an introduction. To speak to one of our client managers about this, you can call our Cape Town office on +27 (0) 21 424 2460 or our Johannesburg office on +27 (0)11 234 4275. You could also request a free call back if you’d like us to contact you instead.

Once you have your accounting services in South Africa set up, have a look at all the other business functions Intergate can help you with. Since our inception in 2005, we have helped hundreds of foreign businesses set up in South Africa and we can definitely do the same for you.